Packaging Corporation of America (NYSE:PKG) Price Target Lowered to $271.00 at UBS Group

Packaging Corporation of America (NYSE:PKG) had its price objective cut by UBS Group from $272.00 to $271.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

A number of other equities research analysts also recently weighed in on the company. Wells Fargo & Company restated an “equal weight” rating and set a $246.00 price target (up from $245.00) on shares of Packaging Corporation of America in a research report on Thursday, July 9th. Truist Financial upped their price objective on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th. JPMorgan Chase & Co. upped their price objective on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the stock an “overweight” rating in a report on Friday. Bank of America raised their target price on Packaging Corporation of America from $242.00 to $263.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Finally, Citigroup upped their price target on Packaging Corporation of America from $229.00 to $241.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $259.71.

Packaging Corporation of America Stock Down 0.4%

Shares of NYSE PKG opened at $253.48 on Friday. The business has a 50-day simple moving average of $227.44 and a two-hundred day simple moving average of $222.78. Packaging Corporation of America has a 52 week low of $189.03 and a 52 week high of $254.49. The company has a market cap of $22.59 billion, a P/E ratio of 32.92, a P/E/G ratio of 2.36 and a beta of 0.80. The company has a quick ratio of 1.88, a current ratio of 3.07 and a debt-to-equity ratio of 0.87.

Packaging Corporation of America (NYSE:PKG) last posted its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.04. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.96%. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the prior year, the firm posted $2.48 EPS. Packaging Corporation of America’s revenue was up 14.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Research analysts anticipate that Packaging Corporation of America will post 10.5 earnings per share for the current fiscal year.

Packaging Corporation of America Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were given a $1.50 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $6.00 annualized dividend and a dividend yield of 2.4%. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. Packaging Corporation of America’s payout ratio is presently 77.92%.

Insider Transactions at Packaging Corporation of America

In related news, CEO Mark W. Kowlzan sold 9,266 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total value of $2,011,463.28. Following the transaction, the chief executive officer owned 473,610 shares in the company, valued at $102,811,258.80. The trade was a 1.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PKG. Norges Bank purchased a new position in shares of Packaging Corporation of America in the fourth quarter worth $237,649,000. Diamant Asset Management Inc. lifted its position in Packaging Corporation of America by 19,710.3% during the first quarter. Diamant Asset Management Inc. now owns 893,446 shares of the industrial products company’s stock valued at $189,607,000 after purchasing an additional 888,936 shares during the period. Victory Capital Management Inc. grew its position in Packaging Corporation of America by 29.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,309,412 shares of the industrial products company’s stock worth $476,270,000 after purchasing an additional 521,352 shares during the period. Balyasny Asset Management L.P. lifted its holdings in shares of Packaging Corporation of America by 100.3% during the 4th quarter. Balyasny Asset Management L.P. now owns 983,216 shares of the industrial products company’s stock valued at $202,769,000 after buying an additional 492,410 shares during the period. Finally, Royal Bank of Canada grew its holdings in shares of Packaging Corporation of America by 25.2% in the first quarter. Royal Bank of Canada now owns 2,323,010 shares of the industrial products company’s stock worth $492,990,000 after acquiring an additional 467,590 shares during the period. 89.78% of the stock is owned by hedge funds and other institutional investors.

About Packaging Corporation of America

Packaging Corporation of America (NYSE: PKG) is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.

Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.